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KAR Auction Services Names Vice President of Enterprise Optimization

August 18, 2016

Media Inquiries:
Darci Valentine
(317) 249-4414
darci.valentine@karauctionservices.com

Analyst Inquiries:
Mike Eliason
(317) 249-4559
Mike.eliason@karauctionservices.com

KAR Auction Services Names Vice President of Enterprise Optimization

CARMEL, Ind., August 18, 2016—KAR Auction Services, Inc. (NYSE: KAR), a leading end-to-end vehicle remarketing services provider, announced today that Tim Massingale has been promoted to vice president of enterprise optimization. Massingale will report to David Vignes, KAR executive vice president of enterprise optimization.

In this role, Massingale will join the enterprise optimization team, which is responsible for maximizing resources and increasing synergies across all of the KAR business units. Additionally, he will oversee the company’s safety training programs, including the well-known Safe T. Sam series, and lead the team responsible for compliance with environmental, health and safety regulations.

“This promotion is a testament to the bench strength of talented professionals we have across the KAR group of companies,” said Vignes. “I am pleased to have a seasoned executive like Tim with more than 16 years of in-house and automotive experience join our team. His extensive knowledge and leadership skills will be a true asset and will contribute greatly to the continued success of KAR,” said Vignes.

Massingale joined KAR Auction Services in 2009, where he held a variety of management positions at PAR North America, including national remarketing manager, client relations manager, director of operations and, most recently, vice president of compliance and ancillary services.

“I have been fortunate to acquire a tremendous amount of experience about our industry and our company during my time at PAR,” said Massingale. “I look forward to applying these skills to my new role and working closely with a new team to continue to achieve results for KAR.”

About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates worldwide vehicle auction services and provides related services. Based in Carmel, Indiana, the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with approximately 17,000 employees and 300 locations. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.